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CMC Contracts Drilling Firm for the Silver Hart Project and Receives $666,250 from the Exercise of Warrants
(TheNewswire) March 31, 2021 – TheNewswire - Vancouver, BC. - ...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"CMC Contracts Drilling Firm for the Silver Hart Project and Receives $666,250 from the Exercise of Warrants\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n March 31, 2021 –\n \n \n TheNewswire -\n \n \n Vancouver, BC. - CMC Metals Ltd. - (“the\nCompany”) (TSXV:CMB)\n \n \n (OTC\n \n \n :CMCXF\n \n \n ) (Frankfurt:ZM5N)\n \n \n is\npleased to report that it has signed a contract with Ardor Exploration\nLtd., a drilling company based in Kelowna, British Columbia. The\ncontract provides for a minimum of 5,000 meters of diamond drilling to\nbe completed at the Silver Hart Project.\n \n \n \n \n Modelling, including the integration of ground\ngeophysical data with previous drilling and geochemical surveys, has\nresulted in the identification of several significant drill targets at\nSilver Hart. The targets consist of:\n \n \n \n \n \n \n - Deeper drill targets within known\nmineralized areas in the Main Zone\n \n \n : Modelling\nhas indicated that on average the current average drill extent is only\nto a depth of 60 meters. Geophysical data shows very good potential\nfor the continuation of the high grade silver-lead-zinc vein\nmineralization at depths of up to 200 meters or more in these\nareas;\n \n \n \n \n - Infill drilling within the Main\nZone\n \n \n : Modelling and geophysics has indicated\nthat there are several areas in the Main Zone that merit drilling and\nare yet to be investigated. Also, in the resource estimation process\nthere were known mineralized portions of the existing veins that did\nnot have sufficient drilling to be able to generate a resource\nestimate and/or generate continuity of the high-grade silver-lead-zinc\nveins;\n \n \n \n \n - Highly anomalous new\nareas\n \n \n : Expansion of our exploration footprint at\nSilver Hart by over 400%  in 2020 served to identify highly anomalous\nareas through geochemical and trenching methods that have now been\nfurther verified as being significantly prospective through ground\ngeophysics;\n \n \n \n \n - Areas with potential for Carbonate\nReplacement Deposits (“CRD”)\n \n \n : the potential\nfor CRD deposits has been known at Silver Hart for decades but there\nhas never been a concerted exploration effort to target these deposit\ntypes. Silvertip, the only developed deposit in the Rancheria Silver\nDistrict, is a CRD type depo...